Q1 2026 ran hotter than expected in several Montreal sectors, with steady demand and tight inventory. Here is the read across the major markets, with what it means for buyers and sellers.
Greater Montreal: median prices and trends
The single-family median price in Greater Montreal hit $625,000 in Q1 2026, up 4.2% year over year. Condos averaged $415,000, up 3.1%. Plex prices held flat, with growth concentrated in central neighborhoods (Plateau, Verdun, Sud-Ouest).
Days on market dropped to an average of 28 days for well-priced homes, against 42 days in Q1 2025. Inventory stayed below the historical average, which keeps mild pressure on prices.
Sectors on the move
Verdun and Griffintown remained the most in-demand areas, with year-over-year price growth above 5%. Vieux-Montréal and Île-des-Sœurs delivered solid performance in the luxury segment. The South Shore (Brossard, Longueuil) saw activity rise on family transit infrastructure (REM).
On the North Shore, Mascouche, Blainville, and Sainte-Dorothée drew families looking for space at sub-Montreal prices. The Train de l'Est extension and the REM expansion are pulling more buyers into these markets.
Tips for sellers
In a tight inventory market, sellers have room to maneuver, but pricing right remains key. An overpriced home sits, and a price cut later signals weakness. Work with a broker who knows your neighborhood specifically.
Tips for buyers
Get pre-approved before you visit. Be ready to move on listings within 48 hours. Set up alerts for off-market listings (RE/MAX network) to access opportunities before they go public.
2026 outlook
Greater Montreal real estate looks set to keep growing in 2026, with sustained demand and inventory still constrained. Bank of Canada rate cuts could speed up activity in Q3 and Q4. Plan accordingly.
